Actor Charlie Sheen has slashed his support payments to his former wives Brooke Mueller and Denise Richards by half.

The “Two And A Half Men” star, who has daughters Sam, 12, and Lola, 11, with Richards, seven-year-old twins Bob and Max with Mueller and also Cassandra, 31, with his ex-partner Paula Profit, is having financial troubles and has cut the huge sum of money he was parting with each month for the upkeep of his children, reports

The 50-year-old has come to an agreement to pay around $25,000 a month to the actresses, who were said to be receiving $55,000 each up until now.

Furthermore, the report suggests that Mueller, who split from the star after three years of marriage in 2011 – and Richards, who he wed in 2002 and divorced in 2006, wanted to avoid a hearing in court because it could have led to payments being reduced to as little as $10,000 per month each.